I‘m just sobbing over year old limited vinyl only releases going for x times the original price second hand. Wouldn‘t the artist themself make more money if i could still buy it digitally? Same thing for sneakers etc
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Firstly, it generates hype and prestige. If there are only a few of a product then those that care about it will pay a lot just to be the only person on their block to have it.
Speaking more broadly, there are very few products that have universal appeal like smartphones where everyone has to have one. Sellers know this and so instead of trying to gain as much market share as possible, they carve out a niche for themselves in hopes to dominate that niche. You can still generate a lot of sales by making yourself more exclusive to justify sky-high prices. That’s basically how the entire luxury industry works.
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